Coca‑Cola HBC among the first to sign A4S CFO statement of support for TCFD

As a global sustainability leader, Coca‑Cola HBC is actively contributing to the fight against climate change.

Climate change remains one of the major challenges faced by companies and governments the world over and these days, various policies are being instituted to encourage businesses to be more transparent in reporting finance related risks and opportunities. The recently organised “Accounting for Sustainability” (A4S) Annual Summit provided yet another platform to progress in this battle and Coca‑Cola HBC is among the first 30 companies to sign the CFO Statement of Support for theFSB Task Force on Climate-Related Financial DisclosuresA4S was set up by HRH The Prince of Wales in 2004, to help the global accounting and finance community consider the environment when making mainstream decisions. At its annual summit held in London on 15-16 November, A4S brought together leaders from finance and accounting to demonstrate their solidarity and commitment to action.Coca‑Cola HBC's Acting CEO and Group CFO, Michalis Imellos was one of the leaders chosen to support this move with a shared signed statement.The Statement of Support was signed by 30 companies in front of an audience of 300 from the finance community as well as the international and business media. HRH The Prince of Wales was also in attendance.

“For Coca‑Cola HBC, energy, water and carbon management have been strategic priorities for a number of years. We regard these as material issues and potential risks to our business. We also see them as opportunities we can capitalise on by understanding the business benefits resulting from ongoing investment in energy efficiency, water preservation and low carbon technologies.”Commenting on our commitment to sustainability, CCHBC Acting CEO and Group CFO Michalis Imellos

Similarly, A4S stressed the importance of the Statement of Support, saying:“We look to CFOs and their teams to lead the accounting community in adopting this framework, and help address significant risks to the economy and society posed by climate change.”

“At CCHBC, we encourage other companies to recognise and quantify these risks and also include same in their financial fillings as this will allow investors, customers and ultimately consumers to make informed decisions about the corporate world’s role in transitioning into a sustainable economy”Mr. Imellos concludes.